On August 4th, Binance, the crypto exchange, revealed its plan to incorporate 22 new loanable and collateral assets into its Flexible Loan and VIP Loan services. The list of newly disclosed collateral assets includes Shiba Inu (SHIB) at $0.000009, Compound (COMP) at $56.43, and Theta (THETA) at $0.76. This announcement has sparked discussions about the possibility of Bone ShibaSwap (BONE) tokens being listed on Binance, coinciding with the imminent launch of the layer-2 blockchain, Shibarium, expected to occur in August. The exchange is actively expanding its offerings by introducing these 22 cryptocurrencies as loanable collateral assets on its platforms.
Binance recently made significant expansions to its lending services. The Flexible Loan service has been enriched with eight new loanable assets, while the VIP Loan service has incorporated six new assets available for borrowing.
Furthermore, Binance introduced Nem (XEM) as a newly added borrowable asset, with support for the XEM/USDT pair on its cross-margin trading platform.
As for the BONE token, following the successful launch of the Shibarium testnet PuppyNet, it has already been listed on various cryptocurrency exchanges, including OKX, Huobi, and Crypto.com. Binance is also contemplating the listing of the BONE token, with the decision dependent on the forthcoming launch of the Shibarium mainnet, a crucial prerequisite for new token listings. Shytoshi Kusama, the lead developer of the project, had previously disclosed the possibility of the Shibarium mainnet launch occurring in August.